The cuts represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide. Workers’ representatives vowed to resist the cuts, labelling them ‘unprecedented.’
German industrial giant Bosch said Thursday, September 25, it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country’s ailing car sector.
The auto industry in Europe’s biggest economy has been hammered by fierce competition in key market China, weak demand and a slower than expected shift to electric vehicles.
The cuts, all of which will take place in Germany, represent about 10% of Bosch’s total workforce in the country, and 3% of its staff worldwide.
Bosch − the world’s biggest auto supplier, making everything from braking and steering systems to sensors − said the layoffs were needed to help make annual savings of €2.5 billion in the group’s car unit.
You do have the Renault 4 and 5 that are reasonably priced. And I think Fiat also has a reasonably priced model.
EU has 13 EVs under 25,000 euros. North American EVs are overpriced.
I wouldn’t call that reasonable pricing, for what I can get it in my country. €28k - some subsidies is double what I’ve paid for a substantially bigger car 8 years ago. Not to mention that pretty low range that resets to garbage in winter months.
We’re fairly limited in North America, unfortunately.